Interest from municipal bonds is exempt from federal income tax. Interest from Treasury bills, notes and bonds is exempt from state income taxes. Other forms of interest income is taxable as regular income. Interest paid by corporations to bondholders is a tax-deductible expense to the corporation.
VERA: Season 4. Airs Fridays, July 31, Aug. 7 & 28 & Sept. 4, 2015 at 10 p.m. on KPBS TV. Above: Multi-award-winning actress Brenda Blethyn as DCI Vera Stanhope, and David Leon as Sergeant Joe Ashworth in the fourth season of VERA.
Currently filming in Vancouver, Up in the Air Oscar nominee Vera Farmiga will play the tainted mother to Norman (Charlie and the Chocolate Factory 's Freddie Highmore) in the drama that was ordered straight to series at the network. PHOTOS: Meet the Residents of A&E's 'Psycho' Prequel 'Bates Motel'.